India`s electronics production reach Rs 9.52 lakh cr, mobile exports cross Rs 1.2 lakh cr

Driven by the production-linked incentive (PLI) scheme, the overall production of electronics in the country has surged to Rs 9.52 lakh crore, from Rs 1.9 lakh crore 10 years back, growing at a compound annual growth rate (CAGR) of 17.4 per cent, the government has informed.  India has reached Rs 6.61 lakh crore in total … Read more

HDFC Asset Management Company AMC announces revision in Provisions pertaining to LBMA reference

HDFC Asset Management Company (AMC) has announced addendum to the Scheme Information Document (SID), Key Information Memorandum (KIM) of Schemes and Statement of Additional Information (SAI) of HDFC Mutual Fund. HDFC Mutual Fund has informed that provisions in Scheme Information Documents (SIDs) / Key Information Memorandums (KIMs) of HDFC Gold Fund, HDFC Gold Exchange Traded … Read more

India marks 10 years of `Make in India` initiative

India marked 10 years of 'Make in India' initiative, which was launched on September 25, 2014. The initiative was conceived during a period when India's economic growth had sharply declined, and the country faced critical challenges in sustaining its development trajectory. Against this backdrop, ‘Make in India’ was designed to transform India into a global … Read more

Indian travel & hospitality sector to expand workforce by 64 pc

To meet the growing demand, 64 per cent of employers in the travel and hospitality industry are expanding their workforce, according to a report on Thursday.  The sector is experiencing an unprecedented resurgence, spurred by a combination of rising air travel, religious tourism, and evolving consumer preferences for personalised, tech-driven experiences, revealed the report by … Read more

India`s Lohum Cleantech to jointly set up $30 mn lithium-ion battery processing unit in US

Homegrown battery-tech startup company Lohum Cleantech on Thursday announced to set up a lithium-ion battery materials processing facility in the US with ReElement Technologies and American Metals for $30 million.  The joint 15.5 gigawatt hours (GWh) facility will be set up with an initial investment of $30 million, creating 250 “green jobs”. The partnership is … Read more

Rupee weakens against US dollar on Thursday

Indian rupee weakened against the US dollar on Thursday ahead to speeches from key US policymakers later in the day for cues on the pace of interest rate cuts. Moreover, foreign fund outflows and an increase in crude oil prices have also weighed on rupee sentiments. Foreign Institutional Investors were net sellers in the capital … Read more